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Raiders' potential Oakland stadium deal is nearly dead

Posted May 19, 2015

Sean Wagner-McGough - CBS Sports -

 

The Raiders are currently operating under a one-year lease at the Oakland Coliseum, and the likelihood that the team and the city will reach an agreement on a new stadium in Oakland is rapidly shrinking.

According to a report published by The San Francisco Chronicle (viewable here on sfgate.com), which quotes an anonymous Coliseum official who spoke with the Chronicle on the condition of anonymity, the potential deal between the Raiders and Oakland is nearly dead, with the source saying the deal "is gurgling blood."

In the report, which was written by Phil Matier and Andy Ross, the source informed The San Francisco Chronicle that the Raiders are hoping for free land (the city and county don't want to give the team this), and that the two sides have a combined $500 million for a new stadium, leaving them short another $500 million. There's also the issue of the Oakland A's, who also play at the Coliseum.

You can read the full report here.

Earlier this month, it was reported by KPIX 5 that the Raiders were building a brand new workout facility at team headquarters. The cost of the workout facility is reportedly somewhere between $10 million and $40 million. At the time, Oakland Mayor Libby Schaaf told KPIX 5 that the new workout facility was "a sign that they want to stay here where they have an adoring fan base."

That still might be true. The Raiders might want to remain in Oakland. But The San Francisco Chronicle's report certainly doesn't inspire hope.